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Politics : Formerly About Applied Materials
AMAT 319.11+5.7%Jan 15 3:59 PM EST

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To: Sam Citron who wrote (44146)3/21/2001 12:06:09 AM
From: Proud_Infidel  Read Replies (2) of 70976
 
Sam,

The Japanese market is selling at 2x book value. The American market is selling at 4x book value.
The Japanese market has been in the grip of the bear for 11 years


You almost make the point NOT to invest in Japan. You state on the one hand that the Japanese market is selling at only one-half the book value here, and yet it has been in the grip of the bear for 11 years. If this value was there all along, investors would have latched onto it by now. They haven't.

Structural change is needed in Japan along with a more transparent, open business environment. Until these changes occur, comparing BV between the US and Japan is basically an apples and oranges comparison.

Wake up and smell the sake!


Tell this to the investors who have been left holding the bag for 15 years!

Brian
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